Deals
Vivendi Selling Activision Stake Worth About $850 Million
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Vivendi SA, once the controlling shareholder in video-game maker Activision Blizzard Inc., is selling half of its remaining stake in an offering valued at more than $850 million.
The sale of 41.5 million shares is being made under an existing agreement, Santa Monica, California-based Activision said yesterday in a statement. The sale is equal to 5.8 percent of Activision and the sale price will be announced today before Nasdaq trading starts, Paris-based Vivendi said today.